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how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave at least a percentage point off of g.d.p. growth. >> reporter: and slower growth, of course, means less hiring. but many economists believe that will only be a temporary setback to the economy while people adjust, scott. >> pelley: anthony, one of the worst problems in unemployment has been long-term unemployment. have we made a dent in that? >> reporter: scott, there are still 4.7 million people out there who are out of work more than six months, but this is encouraging. the average length a person is unemployed has dropped to 35.3 weeks, and that is now the lowest in more than two years. >> pelley: making a comeback. anthony, thanks very much. the white house is looking to head off a new supreme court battle over health care and specifically the requirement that insurance cover birth control. the administration today proposed a com
how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave at least a percentage point off of g.d.p. growth. >> reporter: and slower growth, of course, means less hiring. but many economists believe that will only be a temporary setback to the economy while people adjust, scott. >> pelley: anthony, one of...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...
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Feb 1, 2013
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i'm already paying my taxes and i've got the minimum wage. why don't you do something about the retirement. i might not make any money this year. but it simple, if it is so simple i can do it and it's good for my employees and good to do. we don't have to do it for everybody in the whole country at once. we could take a simple point. so i would invite each of you to submit to me or to us the idea of free of anything that you can think of to get responsibility that would encourage enterprise to start or offer a voluntary plan that would promote to the savings level that are appropriate. if you were to do it would you do it for any business or would you do it for a small business how would you define the enterprise that you would do such a thing for? anyone have a response? >> i'm going to go up to my class monday and give your challenge and then see what they can come up with. >> i'm quite -- >> they are likely to come up with excellent ideas. >> give them the idea saying what you are going into business and you have a lot of other things to d
i'm already paying my taxes and i've got the minimum wage. why don't you do something about the retirement. i might not make any money this year. but it simple, if it is so simple i can do it and it's good for my employees and good to do. we don't have to do it for everybody in the whole country at once. we could take a simple point. so i would invite each of you to submit to me or to us the idea of free of anything that you can think of to get responsibility that would encourage enterprise to...
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Feb 1, 2013
02/13
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the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month. >> here's the funny thing. a lot of people are on the sidelines. that money will come in because bond rates are at 2%. >> are you one of the those people on the sidelines? >> i've been in but i'm getting nervous. at some point the market will say i'm over valued, i've got to correct. everybody is calling for correction. that means the market will continue upward. >> there were a lot of guys like you, scott, in the middle of the crisis. >> i thought i was one o one ofa kind. >> you said maybe we should take the money out of the market, don't play that. then you missed this rally. what's your advice for the average investor. >> you have to start legging in here. i really do, i think the market is going to reward you for taking on some risk. there's really nowhere else to go, jenna. even corporate bobbe bond
the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month. >> here's the funny thing. a lot of people are on the sidelines. that money will come in because bond rates are at 2%. >> are you one of the those people on the sidelines? >> i've been in but i'm getting...
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Feb 1, 2013
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job growth, all of those are lining up in favor of continued growth in the u.s. economy. wolf? >> christine, thank you. >>> president obama reportedly will be changing offices in the coming months, at least for a temporary period. the president will move out of the white house oval office into a replica across the street in the eisenhower executive office building. the current oval office was built during franklin roosevelt's term. it's due for a major, major renovation. >>> sad news from former president george w. bush and his wife laura, their 12-year-old dog has died. barney guarded the south lawn e
and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job...
SFGTV: San Francisco Government Television
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Feb 1, 2013
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new commercial high-rise officials building breaking ground this spring were we passed the business tax reform and bonds to renew our parks and open spaces. for the first time we've got to balanced budget. our budget resources are growing. this summer we welcomed the first north cup race. our beloved giant swept the world series. and our baseballs champions but i like to say we're the champions. and in 6 days our incredible 49ers will take the field with the whole city behind them. my fellow san franciscans i would smut to you our city a vital and strong. this renewed strength of our city and the renewed confidence we're the best city in 2012. the newspapers called us the best place for parks urban parks in the united states and we're among - yeah. go for our parks >> and we're among the smartest cities and the most walkable cities. yes. and continuing the environmental marketplace under our prior mayor we're the green tech capital of north america and the number one for green jobs according to the best magazines and we're also rated highly for losing weight. in the case of san francisc
new commercial high-rise officials building breaking ground this spring were we passed the business tax reform and bonds to renew our parks and open spaces. for the first time we've got to balanced budget. our budget resources are growing. this summer we welcomed the first north cup race. our beloved giant swept the world series. and our baseballs champions but i like to say we're the champions. and in 6 days our incredible 49ers will take the field with the whole city behind them. my fellow...
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today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss law makers have been keen to point out that fishing expeditions in other words laws demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due to corrupt practices including tax evasion a quote to combine the confines of quantum is of switzerland south africa banned. a lot of money for the business for now for today even but more coming up here in r.t. we catch up with the director brian de palma who talks to ati's. about smiles invasion and the military that powers america. you know i can kind of sort of understand the mindset of an evil dictator i have trouble understanding what is going on or maybe not going on in the minds of the terrified cogs who believe all the propaganda give up all their rights for the illusion of safety to coach j
today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss law makers have been keen to point out that fishing expeditions in other words laws demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due to...
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Feb 1, 2013
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would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped. not a good story. >> it's a question of balance. >> if that's the case, and would i like to know whether you agree with that, ken, the question is this market priced for perfection, and are we poised for a decline given the fact that the economy won't keep up with expectations? >> i think the risks are balanced. weak growth, moderate growth, and i agree 2%, though maybe towards the end of the year it will be looking better, but, you know, i don't think we're like really likely to swing in recession neglecting the q4 gdp number. growth could turn out to be better. i think it's balanced risk, mod
would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped....
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Feb 1, 2013
02/13
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to do for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> r
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little pause, see where we're at and where we may go going forward. liz: yeah, i mean, we can't ignore the fact -- i want to check it because it changes moment by moment -- but the vix just at 13, straddling there? i mean alan you are looking at an energy and commodities picture over there. but when there is very little fear, and rising stocks, rising commodities, and a falling volatility index that just looks -- i mean we're showing intraday here, which is a little useless, you know, we've spread it out and you can see especially if we took a two year or one year, you can see how far we've fallen. does tha
it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little...
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. >> the whole issue of the uncertainty and people don't know if the taxes increase that's smoke and mirrors of wall street? >> convenient excuse. they're not spending money because they just haven't believed to make money spending it. >> the purpose of business is not to create jobs. it is to create profits and the line we had last year in the debate in the election was just a farce. if you can make money in your bottom line every quarter and not have to hire as many people, why would you hire more people? >> right. >> because they realize they can make more with less so the idea the corporations get more money and reduce taxes, hire people is not connected with reality. it is not the way business operates. >> buy a robot instead of hire ten people which is exactly what companies do. >> plenty of companies have done th that. thank you very much. >>> we have new information on the embassy attack on turkey. at least two people are dead. several injured. we have the latest on what the white house calling an act of terror. >>> and after being criticized by religious groups, for the cont
. >> the whole issue of the uncertainty and people don't know if the taxes increase that's smoke and mirrors of wall street? >> convenient excuse. they're not spending money because they just haven't believed to make money spending it. >> the purpose of business is not to create jobs. it is to create profits and the line we had last year in the debate in the election was just a farce. if you can make money in your bottom line every quarter and not have to hire as many people,...
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys at this point in time. i'm not overly apt mystic as well. i might have a slightly different take on things right now. >> mike sb is there one particular cells signal i should watch for right now. >> i don't know about the previous guest ten-year target, but i think what happen says if rates rice, especially caused by the bond market self and not the fed or other central banks around the world, that could choke off u.s. economic recovery quickly. the other issue is while jobs appear to be growing they don't appear to be growing at a rate that's going to provide that big aggressive move in the h
tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys...
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today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss lawmakers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be excepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to their tax evasion would be equivalent to the calm find economies of whites learned south africa and. all business now be back in a less than two hours time next they all take catches up with director brian de palma from money he talks to ati eight talks about every product about spies invasion and the military that power was america. sigrid laboratory to mccurry was able to build a new needs most sophisticated robot which all unfortunately doesn't give a darn about anything turns mission to teach creation why it should care about humans and worry that this is why you should care only on the do
today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss lawmakers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be excepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to...
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at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in chardonnay eckhardt time to raise prices. tracy: the stock about that. less grapes planted in 2009 because of the recession. bad weather in 1011. >> is an agriculture products. yet the shrinking supply and pricing pressure. a wide-open playing pressure for imports. more and more wine according to stone bridge. with all this pressure, we are leaving it wide open for the imports to come and compete. tracy: this is the last thing that california wineries -- >> last american needs. state tax is going through the roof. we talked about this last time. you cannot pick up and
at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in...
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and we move on tax dodges across europe no longer have any. swiss law takes force today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss law makers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be accepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to theft and tax evasion would be equivalent to the home find economies of whites learned south africa and. asked all the business bobbie about ls in two hours time next they all say catches up with director brian de palma from he talks to ati eight talks about about spies invasion and the military about power was america. good laboratory to mccurdy was able to build on these most sophisticated robots which will unfortunately doesn't give a darn about anything tim's mission
and we move on tax dodges across europe no longer have any. swiss law takes force today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss law makers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be accepted according to the global organization of...
SFGTV: San Francisco Government Television
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Feb 1, 2013
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are selling hours of power into a service approach where you are standard dyeing on site affordable tax and building retrofits as standard components of that service we focus on a no money down approach to energy efficiency and renewables this would not only require any kind of a late premium to the customers but a rate discount for those customers and is so energy efficiency with a discount and no money down and that is product differentiation that p g and e does not offer and utilities do not offer but we are uniquely poised to offer. this would apply to both the business community as well as residential customers. and so, as far as the approach to development we are really recommending an integrated and targeted approach to the resource rather than the market based additive approach which you have often see with conventional utility. the draft financial model that we preached was submitted a few months ago to the commission the power comprise is a baseline a proved concept at the mathematical willful which we are going to make more complex over the next few months the first model con
are selling hours of power into a service approach where you are standard dyeing on site affordable tax and building retrofits as standard components of that service we focus on a no money down approach to energy efficiency and renewables this would not only require any kind of a late premium to the customers but a rate discount for those customers and is so energy efficiency with a discount and no money down and that is product differentiation that p g and e does not offer and utilities do not...
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this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen to you on this. what kind of -- >> i mean -- >> but does that -- i mean, i don't know. >> i think he is right about that, but i would take that -- i would flip it and reverse it because i think it implies there isn't latinos, which is really what the immigration reform compromise is all about are voting for democrats purely on the basis of immigration issues, which may be part of it, but also the other half of that gop elite equation is cutting very popular social insurance programs, so it's not clear that even if republicans piss off their base by going for immigration reform, that is enough for latino voters
this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen...
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concerned the consequence in france is zero there are no bad consequences for french citizens otoh no taxes to finance this war so borrowed and that they're out there is no conscription so it doesn't it doesn't upset anybody too much and furthermore there is no adverse military consequences and. for a few terrorist attacks the enemy can't fight back us. we'll leave it right there stress both based journalist an expert on france or of eight hundred thank you very much for being with us. it's not so great to be in britain that's the idea some u.k. politicians want to promote to potential european migrants they fear a huge influx of from some easy used that are now allowed to live anywhere in the blog or two is probably good takes up the story as one official put it the negative ad campaign about britain would help to dispel the myth that the streets in the u.k. all paved with gold and the politicians certainly are worried and they've got it wrong in the past you see back in two thousand and four the previous labor government got it really wrong they got the figures so wrong about the number o
concerned the consequence in france is zero there are no bad consequences for french citizens otoh no taxes to finance this war so borrowed and that they're out there is no conscription so it doesn't it doesn't upset anybody too much and furthermore there is no adverse military consequences and. for a few terrorist attacks the enemy can't fight back us. we'll leave it right there stress both based journalist an expert on france or of eight hundred thank you very much for being with us. it's not...
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concerned the consequence in france is zero there are no bad consequences for french citizens that pay no taxes to finance this war it's all borrowed and that there are there is no conscription so it doesn't it doesn't upset anybody too much and furthermore there is no adverse military consequences and. allow for a few terrorist attacks the enemy can't fight back us. we'll leave it right there stress both based journalist an expert on france our of eight hundred thank you very much for being with us. it's not so great to be in britain that's the idea some u.k. politicians want to promote to potential european migrants they fear a huge influx of from somebody used that are now allowed to live anywhere in the blood or to pollute boyhood takes up the story as one official put it the negative ad campaign about britain would help to dispel the myth that the streets in the u.k. all paved with gold and the politicians certainly are worried and they've got it wrong in the past you see back in two thousand and four the previous labor government got it really wrong they got the figures so wrong about the
concerned the consequence in france is zero there are no bad consequences for french citizens that pay no taxes to finance this war it's all borrowed and that there are there is no conscription so it doesn't it doesn't upset anybody too much and furthermore there is no adverse military consequences and. allow for a few terrorist attacks the enemy can't fight back us. we'll leave it right there stress both based journalist an expert on france our of eight hundred thank you very much for being...
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they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that twenty fast food restaurants, they tell me that they offer health care to their 542 employees, only 34 take it. if nothing changed next year, that is with the health care law didn't go in to effect, they would be spending $94,000 on health care under the health care law. if they opt to pay the penalty they'll be spending a million dollars instead of 94. that exceeds the net profit for the year 2013. if they were decide themselves to continue to offer health care, their cost would be between $400 ,000 and $1.4 million. you can apply the same sort of reason
they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that...
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tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not a big fan right now. financials, the sectors will have the best earnings growth of any sector. cheryl: we discussed all the earnings. they said a very strong. but at the same time, you get, again, bank of america. there seems to be this crazy split between good banks and bad banks from a stock perspective. >> that is one reason that makes the big banks a bit risky to invest in big is the stock prices have all run up, but if you have any consistency in the margins and the inconsistency. just the voluminous disclos
tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not...
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Feb 1, 2013
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so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. ♪ >>> with 150,000 fans showing up for the big game the city's public transit system has been gearing up. the first used streetcar line in more than a decade was just finished in time and mark strassmann is taking us for quite a ride you can see him now, mark? >> reporter: good morning, norah and charlie. i'm riding on the loyola avenue streetcar line in downtown new orleans, the city's newest streetcar line ready just in time for the super bowl. i want to show you what's going on ou
so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor,...
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the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. until i had the shingles. i have never encountered such a burning sensation... it was like a red rash. like somebody had set a bag of hot charcoal on my neck. i had no idea it came from chickenpox. it's something you never want to encounter. for more of the inside story, visit shinglesinfo.com of "got my medicare drug card" and "gotta get savings," bring in your prescriptions to walgreens. as a preferred pharmacy provider, we may help you save with lower co-pays.
the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups...
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Feb 1, 2013
02/13
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KRON
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. >> 7:26 a.m. and here's a look at the golden gate bridge with beautiful skies here. temperatures in san francisco 49 degrees. arming of to 60s later on today. >> today as hillary clinton's last day serving as secretary of state. in our last interview before she stepped down she said that the attack benghazi was our low point and a time of the americas in her time as america's top diplomat. she suggested that bit of fear over the assault would not affect any decisions about her political
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat....
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Feb 1, 2013
02/13
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KNTV
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant! we're pregnant? yeah! you're going to be a mom! you're going to be a dad! there's a little baby in there? there's a human being growing inside your stomach? yeah! now what? i don't know? what? introducing huggies mommy answers. the best advice in one place. from the brand new moms trust. this is amazing, how did you find us? i thought we might be related, so i had a fiber analysis done and sure enough, we're family. but you're not even shredded. you're...crunchy?! that happens sometimes. and you help keep people full with whole grain fiber? just like you guys. [ femal
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant!...
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he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous. >> out of control. illinois has big, big problems. couldn't float debt this week because they were downgraded. if you want to see the future of this country? look at california, look at illinois. we are walking down that path. charles: gerri, you studied this stuff. false assumptions they make, when the money doesn't come in, what's the next move? >> here's what i think. places like california and illinois turn to the federal government and say, hey, taxpayer, hey american taxpayer, pony up because we can't pay our bill
he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous....
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Feb 1, 2013
02/13
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CSPAN2
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Feb 1, 2013
02/13
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profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has been intensifying. >>> sharp said it posted its first profit in five quarters in the final three months of last year. sharp executives say operating profit in the october to december period totalled about $28 million. that came largely from higher than targeted sales of smartphones and crystal television sets. the company set up a goal to start posting profits in the second half of this fiscal year that ended in march this is a condition for the firm to continue to receive support from its main banks. the managing director says the company will make speedy efforts to refor
profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has...
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Feb 1, 2013
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that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be busy. looking at myself in 2012, we had some difficulties last year achieving the goals that we established for sales. however, it indicate that the economy is getting better. i have been in this business 35 years. that is consistent. a lot of our regular customers that were hanging onto their cars have bought new cars. if not new, at least one or two years old. that is a good indication that the economy is slowly coming back. guest: for small businesses they are often sole proprietorships or partnerships where the income directly goes to the person wh
that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be...
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02/13
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CURRENT
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the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small price to pay. >> john: markos moulitsas of day dailycros. thank you so much. >> thank you. >> john: we'll be right back after the break. ♪ question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how
the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small...
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02/13
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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Feb 1, 2013
02/13
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the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a teenager in america, unemployment is almost 24%. that is ridiculous when you talk --. martha: greece for that population there. bill: the next generalmation of americans have to deal with that? we'll talk about that in a moment. martha: tough picture. speaking of lay youfls we've been talking about the president happenedding a pink slip to the group he formed to bring back jobs. charlie and i were discussing about that. was the jobs council an exercise if futility or did it have meaning? they don't want it anymore. bill: 7.9%. >>> a 5-year-old boy is still held hostage in a underground bunker. how
the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a...
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are taxed at $39 a year. businesses will have to pay two cents per square foot of lot size and san leandro officials will collect the tax in december. >> the justice department says that budweiser and corono do not mix and are challenging a merger between the two companies. the justice department says that the prices go up and competition will go down should that merger go through. bud is the best selling beer and corono is the best selling import. >> today is the start of the new era for an old san francisco institution, the gold dust lounge will have a ribbon cutting at the new location at fisherman's wharf closing in union square after the landlord ended the lease. many fixtures have been moved here, including a v.i.p. part at the new lounge tonight followed by the public grand opening on sunday. >> i am sure some of the vitamin b that h.e.b. wrote about will flow. >> sunday is a great time for opening with the super bowl and a lot riding on the weather. >> the weather will be fine for all outdoor activist
are taxed at $39 a year. businesses will have to pay two cents per square foot of lot size and san leandro officials will collect the tax in december. >> the justice department says that budweiser and corono do not mix and are challenging a merger between the two companies. the justice department says that the prices go up and competition will go down should that merger go through. bud is the best selling beer and corono is the best selling import. >> today is the start of the new...
WHUT (Howard University Television)
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Feb 1, 2013
02/13
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WHUT
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but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's decline would push up sales. they also note that competition in the digital product market has been intensifying. many japanese manufacturing companies try to regain financial health employment is coming increasingly under pressure. the number of workers in the country has dropped now below 10 million, that's the first time that's happened in more than 50 years. researchers at the internal affairs ministry says the.90 million people were unemployed in manufacturing in december. that's down 350,000 from the same month a year ago. that was the first time since 1961. the figure also marks a 38% decline from the
but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's...
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Feb 1, 2013
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sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the country added jobs last month but not enough to buck the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimated 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been really tough sometimes. when you're home, you feel like you feel like you know i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoya find jobs the
sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly...
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02/13
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revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point where you say enough is enough. i've done my fair share. >>steve: why live in that state when you can move to another state like florida or texas where they don't have -- >> there's been a massive exodus out of california for a long period of time. if phil wanted to move, he'd be on the highway for hours trying to get out. >>gretchen: next, two days before the big game and harry carson, marcus allen hanging out with brian live. coming up next. eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant gives you 1% cash back on all p
revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point...